BASALT & EL JEBEL (ROARING FORK)

Basalt is a beautiful old town, with a few good restaurants and two grocery stores. The biggest draw perhaps to Basalt is proximity for anglers to both the Fryingpan and Roaring Fork Rivers, as well as a shorter commute to Aspen.

MARKET ANALYSIS

BASALT MARKET STATISTICS

Thus far, Aspen experienced a very strong and healthy real estate market in 2013, especially in the core areas above the “round-about” (West End, Red Mountain, Core, East Aspen). Inventory is down and sales are up compared to 2012. Properties that are priced correctly in good locations are selling. For investors, the best deals that are still on the market are in West Aspen, Woody Creek, McClain Flats, etc.

SNOWMASS VILLAGE MARKET INFORMATION

Largely because of the Base Village fiasco, Snowmass just experienced another poor year for real estate sales. Besides some good sales at the Viceroy and some lower priced single family home sales (sold mostly to locals wanting to access the Aspen school district), we feel the market over-reaction has kept Snowmass in the gutters. We are bullish on Snowmass as a long-term play.

COMMUNITY INFORMATION

Snowmass and Aspen are sister cities and cross pollinate more than any other towns in the valley. That being said, Snowmass is more of a true get-away resort community with primarily second homeowners. Aspen has a higher percentage of year-round locals. As for properties, Aspen has very limited ski-in ski-out options, while they are in abundance on the Snowmass hillsides.

SERVICES

Aspen’s airport makes the area convenient. Dining options are ubiquitous while grocery shopping is somewhat limited. The hospital is known for excellent care and many doctor’s of all specialization have offices in Aspen.

CHAMBER OF COMMERCE

AIRPORT

HOSPITAL

LIFESTYLE

While not the disco cocaine scene it used to be in the 8o-‘s, Aspen still offers amazing music events and even a dance clubs. A crowd of athletes in training, classical music aficionados and fashionistas rome the streets. During ski season you’ll be hard pressed to hear anyone from the States. Tourists from Australia and France fill up the hotels and restaurants.

SCHOOLS

The Aspen School District and are a private schools are highly sought after. They offer many activities and clubs that few down valley schools are able to offer such as skiing. Children in Snowmass attend the Aspen school.

The headwaters of the Roaring Fork start above Aspen. Very few riverfront properties exist in Aspen or Snowmass, but for excellent fly fishing you only need drive only ten minutes up towards Independence Pass or down valley towards the larger stretches of the Fork.